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McCain’s Hail Mary Gets Called Back

September 26, 2008

The Hail Mary has failed, someone on the offensive lines been nabbed for holding.  John McCain will debate Barack Obama tonight in Mississippi.

That is the lower-level NEWS BREAK.

The Bigger picture comes from a careful reading of his statement, released lat this morning:

Full McCain statement:

John McCain's decision to suspend his campaign was made in the hopes that politics could be set aside to address our economic crisis.

In response, Americans saw a familiar spectacle in Washington. At a moment of crisis that threatened the economic security of American families, Washington played the blame game rather than work together to find a solution that would avert a collapse of financial markets
without squandering hundreds of billions of taxpayers' money to bailout bankers and brokers who bet their fortunes on unsafe lending practices.

Both parties in both houses of Congress and the administration needed to come together to find a solution that would deserve the trust of the American people. And while there were attempts to do that, much of yesterday was spent fighting over who would get the credit for a
deal and who would get the blame for failure. There was no deal or offer yesterday that had a majority of support in Congress. There was no deal yesterday that included adequate protections for the taxpayers. It is not enough to cut deals behind closed doors and then try to force it on the rest of Congress — especially when it amounts to thousands of dollars for every American family.

The difference between Barack Obama and John McCain was apparent during the White House meeting yesterday where Barack Obama's priority was political posturing in his opening monologue defending the package as it stands. John McCain listened to all sides so he could help focus the debate on finding a bipartisan resolution that is in the interest of taxpayers and homeowners. The Democratic interests stood together in opposition to an agreement that would accommodate additional taxpayer protections.

Senator McCain has spent the morning talking to members of the Administration, members of the Senate, and members of the House. He is optimistic that there has been significant progress toward a bipartisan agreement now that there is a framework for all parties to be
represented in negotiations, including Representative Blunt as a designated negotiator for House Republicans. The McCain campaign is resuming all activities and the Senator will travel to the debate this afternoon. Following the debate, he will return to Washington to ensure
that all voices and interests are represented in the final agreement, especially those of taxpayers and homeowners.

If
you didn't notice, that statement was an attempt to raise McCain's
cache as a leader in crisis and economically understanding.  Both, of
course, could not be further from the truth.  From all reports, of a
less than purely Republican in nature, John McCain has done little to
nothing to aid in Congresses deliberations on the bailout; and what
influence he may have had has been negative.  Upon exiting the White
House on Thursday night, what accord had been made is now demolished.

But
what do we get from McCain today, nonsense about Barack Obama's
political posturing.  Substantive discussion on where we go from here.
No.  What his actual opinion of the bailout is. No. Instead he has
tried to score points (political points!)

I wonder if he's even read the proposals yet? Or, will he upon questioning have to admit, again, to a lack of knowledge. But whatever the outcome, we must know this.  John McCain blinked – he played this week like he was holding a Royal Flush, and all he had was a pair of twos.

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